Ways You Can Give
There are many ways to give, with varying tax and income benefits associated with each.
Cash Gifts
Perhaps the simplest way of giving to Jersey City Medical Center is by an outright gift of cash. Cash gifts are fully deductible for tax purposes up to 50% of your adjusted gross income. If the gift amount exceeds fifty percent of your adjusted gross income, the excess contribution may be carried over for up to five additional years until the full value is deducted.You can write a check to Jersey City Medical Center Foundation and send it to:
Jersey City Medical Center Foundation
350 Montgomery Street
Jersey City, NJ 07302
Prefer to speak someone about giving to JCMC Foundation? Call 201-395-7570 or email jcmcfoundation@rwjbh.org.
Other Ways to Give
Planned Giving
Planned giving opportunities offer individuals the means to make a significant, long-term contribution to JCMC. There are several options for planned giving, such as making a bequest in your will, gifts of life insurance, and charitable trusts. Depending on the type of gift and how it is structured, you can receive a tax deduction and possibly ongoing income.
Real Estate
Selling your home or other property that you have owned for some time can result in substantial capital gains tax to you. Donating property to JCMC Foundation is a way to avoid the capital gains tax and to give you a charitable tax deduction for the market value of the property.
Securities
A gift of appreciated stock offers potential tax savings to you in a number of ways. You can avoid capital gains tax, receive a tax deduction for the market value of the stock, and reduce the value of your taxable estate by the amount of the gift. The specific value of the gift and its tax consequences are determined by the date of the transfer of the stock. If you are considering a gift of securities, you should discuss the logistics of the transfer with your financial advisor.
